May 18, 2012
Author: Mike P.
DVS Shoe Co. filed for chapter 11-bankruptcy reorganization on Thursday may 17th.
The filing also included Matix Brand. They are opting for a 368-auction process. This will involve a bidder that would invest in a majority stake of the company.
Company heads foresee a smooth transition with some inevitable downsizing. They hope to run things, business as usual but may experience some bumps in the road along the way.
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